First Trust Specialty Fnc's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First Trust Specialty Fnc (NYSE:FGB) announced a quarterly dividend of 8.25 cents per share, going ex-dividend on Thursday. Shareholders owning the stock by Wednesday are eligible for the payout on February 29, 2024. The stock is expected to open 8.25 cents lower on the ex-dividend date.
February 19, 2024 | 2:45 pm
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First Trust Specialty Fnc (FGB) will pay a quarterly dividend of 8.25 cents per share, with the ex-dividend date set for Thursday. The stock price is expected to adjust lower by the dividend amount on the ex-dividend date.
The stock price of FGB is likely to decrease in the short term due to the ex-dividend date adjustment, where the stock price typically drops by the amount of the dividend. This is a common occurrence in the stock market following dividend announcements, reflecting the payout of cash to shareholders.
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